06/22/2023
Source: Energy & Management Powernews
MAN Energy Solutions is selling its gas turbine business to Chinese turbine manufacturer CSIC Longjiang GH Gas Turbine Co, LTD (GHGT). Two sites are affected.
The Chinese CSIC Longjiang GH Gas Turbine Co, LTD (GHGT) buys two product centers of MAN Energy Solutions in Oberhausen (North Rhine-Westphalia) and in Zurich, including from the areas of research and development, service and sales. The purchase agreement was signed on June 20, both companies announced on June 21. Financial details of the transaction were not disclosed.
The GHGT wants to position itself thus more internationally. GHGT, a subsidiary of China State Shipbuilding Corporation (CSSC), develops, manufactures and services 5- to 50-MW high-efficiency gas turbines.
In the future, new products and technologies in the field of small and medium-sized gas turbines will be developed at the Oberhausen site. To this end, GHGT has established a new German subsidiary - Guanghan Gas Turbine GmbH - based in Oberhausen. It is to have 80 to 90 employees, both companies announced. According to the statement, the focus will be on hydrogen and ammonia combustion, among other things.
At the Zurich site, already installed gas turbines are to continue to be serviced and associated services offered. To this end, GHGT has established a new Swiss subsidiary - Guanghan Gas Turbine Schweiz AG - based in Zurich. It will employ around 20 people.
MAN Energy Solutions will continue to cooperate with GHGT after the sale
GHGT and MAN Energy Solutions said they have signed several cooperation agreements to ensure smooth operations during the transition period. In addition, the two companies will work together in the future. For example, existing contacts will continue to support existing MAN Energy Solutions customers beyond the sale.
GHGT is a subsidiary of China State Shipbuilding Corporation (CSSC) and is headquartered in Harbin, China. It has 700 employees worldwide. Gas turbines from GHGT are used for power generation, mechanical propulsion and offshore engineering.
For Augsburg-based MAN Energy Solutions, meanwhile, the gas turbine business is just one division of the entire Group, which employs 14,000 people at 120 sites worldwide. The portfolio also includes reactors for the chemical industry, steam turbines, compressors and turbochargers. The product range extends from smaller power generation units to complete power plants. Overall, the Group has been shifting its focus to "green" solutions for several years, such as large-scale heat pumps for industrial customers and electrolysers for the production of green hydrogen.
For example, MAN Energy Solutions is investing 500 million euros in its subsidiary H-Tec Systems to build the company into the "leading player in the field of PEM electrolysis." H-Tec Systems is currently building a new production facility in Hamburg, where stacks for PEM electrolysers will be manufactured in the future. H-Tec Systems plans to start automated production of PEM electrolysis stacks there as early as next year - with a potential total annual electrolysis capacity of up to 5,000 MW. The Group is also planning and building more heat pump systems for industrial customers.
Author: Heidi Roider
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